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Which is a disadvantage of using a credit card as a payment method?

Convenient to carry around.


Allows you to delay payment.


Can be used to buy things online.


Charges interest if balance is not paid each month.

asked
User Bendaf
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2 Answers

4 votes

Charges interest if balance is not paid each month.

i hope that helps chu

answered
User Talisa
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3 votes

Answer:

Charges interest if balance is not paid each month.

Explanation:

You'll be charged interest whenever you don't pay the full balance from the previous billing cycle.

You'll be charged interest any month you make a cash advance or other type of transaction that does not have a grace period or if your credit card doesn't have a grace period at all.

The sum of interest on your credit card account and it is broken down by transaction type: purchases, cash advances and balance transfers. You will be charged interest if you pay less than the full balance or pay after the payment due date.

Hope this helps!

answered
User Akmal Soliev
by
8.3k points

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